Bankruptcy Attorneys in Tucson, Arizona
When seeking legal representation for a bankruptcy matter, you know it is important to work with a knowledgeable professional who is committed to helping you get a fresh financial start. Eric Ollason is a Tucson bankruptcy attorney who focuses on bankruptcy law because he is passionate about helping his clients succeed.
Our Tucson bankruptcy law firm has been serving clients for almost two decades. We will help you understand the law and guide you through the bankruptcy process. Our clients enjoy favorable outcomes by working with our experienced Tucson bankruptcy lawyer. Mr. Ollason provides the details necessary to help you make informed decisions about your financial future.
At our Tucson bankruptcy law firm, we are dedicated to bankruptcy law because our team believes everyone deserves the opportunity for a fresh start after going through hard financial times. You can trust us to deliver skilled legal services whether you are looking into options for individual, business, or other types of bankruptcy.
Overview of Bankruptcy Laws
Depending on the specific type of bankruptcy and your eligibility, this process enables you to eliminate or pay down your debt. When you are living under the crushing burden of debt, it can be tough to overcome. At the same time, you may be getting harassing calls from creditors.
Bankruptcy may be a wise option if your debt has left you with a feeling of dread and hopelessness. By eliminating or restructuring your debt through bankruptcy, you can take control of your financial future. Both individuals and business entities get a clean financial slate, contributing to the economy with improved spending power.
Who is Eligible to File for Bankruptcy in Arizona?
Under the bankruptcy laws in Arizona, you may qualify to file for different forms of bankruptcy if you meet the statutory criteria. It is possible that you will be eligible for one type and not another. Our Tucson bankruptcy attorney can explain the requirements and consult with you on your different options.
It is understandable that you will have concerns and questions about bankruptcy because it is an important step in your financial life. You can trust an Arizona bankruptcy lawyer to be considerate about your circumstances, as we support you in navigating state and federal bankruptcy proceedings.
The U.S. Bankruptcy Code is the primary statute that dictates eligibility rules, procedures, and all aspects of a bankruptcy case. At the same time, there are some specific provisions that are unique to bankruptcy cases in Arizona. The body of laws and regulations is complicated, so you may not be successful in discharging or reducing your debt if you try to represent yourself.
Our Tucson bankruptcy team can assist with refiling as necessary, and we are ready to step in if you just recently filed. It is smart to retain an Arizona bankruptcy lawyer as early as possible so you have guidance with preparations to file, as well.
Learn the Benefits of Filing Bankruptcy in Arizona
There are numerous advantages to going through the bankruptcy process for businesses, individuals, families, and the public as a whole. Some of the most important benefits of filing for bankruptcy in Tucson include the following:
- Upon filing your documents, the court issues an automatic stay on creditors. Companies cannot seek payment or take legal action until your debt has been discharged or you work out a repayment plan.
- You will experience less stress and anxiety since you will not be juggling multiple creditors. They are prohibited from contacting you, so you no longer be subjected to threats.
- You are protected from suits and legal proceedings to collect a debt for non-payment.
- Depending on your eligibility and the type of bankruptcy that suits your needs, it is possible to protect certain assets. For instance, you can prevent foreclosure on your family home or repossession of your car.
- At the conclusion of the bankruptcy process, your debts will be discharged, or you will repay less than what you owe through a repayment plan.
- The results of a bankruptcy case are final, so creditors cannot come forward to attempt collection. You and your family have a clean slate, and you can begin rebuilding your credit.
- When individuals or legal entities discharge a debt or re-organize it through a repayment plan, they free spending power. The outrageous late fees and interest rates are eliminated.
From a societal point of view, these individuals and businesses have more to invest in the economy.
For additional details on whether you qualify to file bankruptcy in Arizona, please contact a knowledgeable Tucson bankruptcy attorney to schedule a free financial assessment.
Are There Debts That Cannot Be Discharged by Filing Bankruptcy in Arizona?
Bankruptcy laws are strict on the types of debts that you cannot discharge or reorganize if you file for bankruptcy in Tucson. It is critical to know what does not qualify for the process. Under Section 523 of the US Bankruptcy Code that covers exceptions to discharge, filing for bankruptcy will not eliminate or reduce debts incurred in connection with:
- Nonpayment of child support
- Tax liens
- Fraudulent statements or transactions
- Court fines
Financial Implications of Bankruptcy Laws in Arizona
Those considering bankruptcy should realize that the process is not intended as an easy way out of debt. Financial accountability is a factor, so you cannot take advantage of the laws by means of incurring and then discharging debt you never intended to pay. Bankruptcy proceedings do not exist to protect those that irresponsibly rack up debt.
The bankruptcy laws in Arizona aim to help those who are shouldering enormous debt due to real-life, unfortunate circumstances. They cannot make ends meet and make sacrifices no family should. In the nearly 20 years that our Tucson bankruptcy law firm has been serving clients, our team has seen a variety of different struggles.
Costs of medical care, disability, layoffs, and reductions in wages can be devastating for families. As the debts mount, every month becomes a financial challenge. We are dedicated to assisting the individuals who benefit most from bankruptcy.
A Tucson bankruptcy lawyer realizes that uncertainty and hopelessness consume your life when you are far behind on bills. You begin to worry about supporting yourself and your family, knowing that any payments you do make only go toward interest and fees. Even the first time you miss a payment or pay late, a creditor could hike your interest rate. Harassing, threatening phone calls may follow, including communications while you are at work. Our goal is to take these concerns away through bankruptcy options that make sense for your situation.
At our Tucson, AZ, bankruptcy law firm, our attorneys and professional staff stress that there is no shame in considering bankruptcy. No one should judge you for the circumstances that led to your debts. By filing for bankruptcy in Arizona, you are merely taking advantage of the protections that you are entitled to under bankruptcy law.
Because bankruptcy is such an important decision that affects your entire household, you may have doubts about going through the process. Many people in your position have the same concerns, wondering how they go into such a situation. A Tucson bankruptcy attorney will address your questions and help you understand how bankruptcy can bring about a new beginning for you and your loved ones.
Legal Guidance from an Experienced Tucson Bankruptcy Attorney Near Me
If you are at the point where crushing debt has become overwhelming, it may be time to consider your bankruptcy options. To ease your stress and ensure a smooth, error-free process, you should partner with a skillful Tucson bankruptcy attorney.
Our Arizona bankruptcy firm is a resource where you can discuss your financial condition privately with someone who has in-depth knowledge of the laws and extensive experience with these cases. No matter how far in debt you may be, you deserve information that can help you resolve your situation. With a Tucson bankruptcy lawyer at your side, you have a partner you can trust.
What to Expect at Your Bankruptcy Initial Consultation
Our Tucson bankruptcy lawyer does not offer advice online, as we take a more personalized approach to our partnership with you. You will not simply be filling out forms and waiting for results in court. We closely consult with you throughout the process.
At your initial consultation, you will meet with an experienced Arizona bankruptcy attorney in person. We will get basic information from you and explain the process, but you will not be required to bring financial documents to this session. Our goal is to learn your story and consider ways to resolve your current financial condition.
You will meet with a Board Certified Bankruptcy Specialist, as designated by the Arizona State Bar. Our respected clients can expect loyalty, honesty, integrity, and professionalism as we help you calm your financial chaos.
Our Core Practice Area is Bankruptcy in Tucson, AZ
Bankruptcy law is the focus of our law firm, and we handle cases on behalf of individuals and small businesses in Arizona. A bankruptcy lawyer is the best person to help clients when they have lost hope and are trying to climb out from underneath insurmountable debt.
The emotional aspects of financial challenges take their toll on your life, employment, and business. You might feel that your situation is hopeless, but those who file for bankruptcy do typically return to a better financial footing.
Regardless of whether you owe $25,000 on credit cards or are a small business owner struggling to stay afloat, you can rely on a Tucson bankruptcy lawyer to tackle the challenges. We aim to stop the phone calls from creditors as we develop a plan for bankruptcy discharge or debt reorganization. If you are a larger business, an attorney can help negotiate and restructure debts.
For anyone contemplating their options, you can feel confident that your future is in good hands when you partner with a Tucson, AZ, bankruptcy lawyer.
Exceptional Legal Bankruptcy Services
Tucson bankruptcy attorney, Eric Ollason, is a Board Certified Bankruptcy Specialist, a distinction granted by the Arizona State Bar. The team at our bankruptcy firm has extensive combined experience, so you can feel reassured that we will advocate for your best financial future.
Our legal process starts by consulting with you about your circumstances because the initial question is whether bankruptcy is the right fit for you. In many situations, bankruptcy is not the most beneficial route. If Bankruptcy is a solid option, the next decision is which type of bankruptcy would be most beneficial for you to file.
Through our discussions, the goal is to assess the next steps to serve your goals. We will explain which of the key types of bankruptcy, Chapter 7, Chapter 11, or Chapter 13, would be most suitable, based upon various criteria. We will evaluate the following:
- The amount you owe;
- Your income from all sources;
- The value and type of assets you own;
- Your interests in a business; and
- Any past history with filing bankruptcy.
With these details and others, our Tucson bankruptcy attorney can assess your situation and outline your best options.
Set Up a Consultation With Our Skilled Tucson, Arizona, Bankruptcy Attorneys
We are proud of our team’s history, as we have been assisting clients with bankruptcy matters for over 20 years combined. This experience in collaboration enables us to deliver the highest quality legal services as we help people overcome financial struggles. You can trust us to deliver the advice you need to take control of your debt. We will be with you every step along the path to financial freedom.
Our Tucson bankruptcy lawyer invests time in developing a solid relationship with you, one that is built on trust and free from judgment. You are stressed, nervous, and unsure, but we will deliver clarity and guide you forward with confidence.
At our Arizona bankruptcy firm, we are financial and legal counselors that support you with your goals in managing debt. When you are ready to shed the weight of devastating debt, our team is ready to serve your needs. Please contact us at (520) 791-2707 to set up a consultation with a Tucson, Arizona, bankruptcy lawyer.
Frequently Asked Questions for Our Bankruptcy Attorney in Tucson, Arizona
What are the Common Warning Signs that May Lead to Bankruptcy in Arizona?
One of the first common warning signs that may lead to bankruptcy in Arizona include consistently spending more than you earn, which can lead to significant credit card debt or loans. Others can include delaying essential expenditures due to lack of funds, and frequently worrying about money, which is often followed by harassing communication from creditors.
How Long Do I Have to Live in Arizona to File Bankruptcy There?
The residency requirements for filing for bankruptcy in Arizona are that individuals must have resided here for the greater part of the 180 days preceding the filing, which is any time after being an Arizona resident for 90 days.
What Documents Are Needed to File for Bankruptcy Protection in Arizona?
Common documents that are necessary to begin the bankruptcy process in Arizona include valid forms of identification, proof of all forms of income, all bank account statements, any existing loan documents, retirement and investment account records, two years of tax return documents, and divorce documentation (if applicable).
Can an Arizona Bankruptcy Clear My Credit Card Debt?
One of the most common questions our Arizona bankruptcy lawyer receives is whether filing for bankruptcy protection can their credit card debt. The reality is, there is more to know about filing for bankruptcy than the fact that it can get rid of your credit card debt. To determine your eligibility to file for bankruptcy in Arizona, we must begin by evaluating your debt-to-income ratio. Once we know the extent of your financial position, we can provide real-time solutions to address your credit card debt.
Can I File For Bankruptcy Without An Attorney In Arizona?
If you are wondering if you can file for bankruptcy in Arizona without an attorney, the answer is, technically, yes. There is even a name for it, which is called filing pro se. But there are many reasons why you should not. Filing personal Chapter 7 or Chapter 13 bankruptcy require careful preparation and a complete understanding of the legal issues associated with your filing. A simple misunderstanding of the law or a single mistake in the process can affect your rights. Our skilled Tucson bankruptcy attorney can ensure you get it right the first time, so you can move forward with confidence.
What Can I Do If My Bank Account Has Been Garnished in Arizona?
If your bank account has been garnished by a creditor in Arizona, our Tucson bankruptcy attorney, Eric Ollason, knows our state’s garnishment procedures are extremely complicated and are governed by Arizona laws. That means all parties involved must follow properly follow all collection policies, or risk being penalized for using unlawful debt collection practices. When they do not, we may be able to recover some or all your funds.
Can I Still Use Credit Cards After Filing for Bankruptcy in Arizona?
When Arizona residents have their bankruptcy discharged, they may begin looking for ways to start rebuilding their credit. They often find it is still possible to get a credit card, although they may only be eligible for secured cards or cards designed for those with poor or limited credit. We encourage all our Arizona bankruptcy clients to be careful about obtaining another credit card and potentially throwing yourself back into debt after bankruptcy. Credit cards, especially ones with high interest rates that are often the initial option after a successful bankruptcy are designed to keep you in debt. Instead of leaning on credit during emergencies, bankruptcies can provide our clients with a fresh start that allows them to begin saving money, which can be used when unexpected expenses arise.